Large Inflow of Money Witnessed in Monster Beverage Corporation

Monster Beverage Corporation (MNST) : The money flow analysis of Monster Beverage Corporation (MNST) indicates a $33 million of outflow was on downticks, whereas, the investors on Thursday gobbled up stocks worth $36.39 million on upticks. The ratio between the upticks and downticks was clearly in favor of the bulls at 1.1 and so was the total money flow at $3.39 million. A solid up-down ratio of 1.56 in block trades indicates that the investors are accumulating the stock on weakness. The bulls lapped up $8.11 million worth of block trades on upticks. Only $5.2 million worth of the stock exchanged hands on downticks. The money flow was $2.91 million in block trades, underlining the interest of the bulls in the stock even when the stock was declining.However, the price action shows that the bears had an upper hand in the stock of Monster Beverage Corporation (MNST), pushing it down by -0.09% for the day. The stock slid $0.14 and traded at $161.12 during the day. Nonetheless, the stock is 0.87% over the previous weeks close.


Monster Beverage Corporation (MNST) : 11 investment research analysts covering Monster Beverage Corporation (MNST) have an average price target of $164.09 for the near short term. The highest target price given by the Brokerage Firm to the stock is $185 and the lowest target is $145 for the short term. Analysts expect the variance to be within $11.6 of the average price. The stock has recorded a 20-day Moving Average of 3.14% and the 50-Day Moving Average is 6.87%.

Monster Beverage Corporation (NASDAQ:MNST): The stock opened at $161.78 on Thursday but the bulls could not build on the opening and the stock topped out at $162.33 for the day. The stock traded down to $160.10 during the day, due to lack of any buying support eventually closed down at $161.12 with a loss of -0.09% for the day. The stock had closed at $161.26 on the previous day. The total traded volume was 776,819 shares.

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